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    Property profile & analytics

    3261 Memorial Blvd Murfreesboro, TN 37129-5227

    • Turn key restaurants
    • 3,160 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimation
    $1,060,000
    Last Sale
    Oct 17, 2022
    $991,606
    Location Intelligence
    Property ID
    US80-2321146
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Slim Chickens / Fried Chicken Takeaway / Takeout Restaurant

    Property Details for 3261 Memorial Blvd

    Year built
    2023
    Construction
    FRAME
    Lot size
    1.21 lot acres
    Property size
    3,160 SF
    Property type
    Turn key restaurants
    APN
    069-023.00-000
    APU
    6902300000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,080,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,055,000
      6.5%
      $1,070,000
      7%
      $890,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,140,000
      Geo Method
      $1,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $895,000
      Mixed-Use
      $955,000
      Hospitality
      $865,000
      Educational
      $1,100,000
      Residential Income
      $990,000
      Energy
      $960,000
      Income-Based Land
      $870,000
      Food Service
      $925,000

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3844
    Latitude
    35.905
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $435,800
    $292,440
    $728,240
    -
    $1,089,500
    $731,100
    $1,820,600

    Comparable in this City

    • Value Estimation by Request
      6,442 SF

      1968 Old Ft Pkwy

      RESTAURANT • 6,442 SF
      1968 Old Ft Pkwy, Murfreesboro, TN 37129-6900
      View Details
    • Value Estimation by Request
      30,008 SF

      1986 Medical Ctr Pkwy

      RESTAURANT • 30,008 SF
      1986 Medical Ctr Pkwy, Murfreesboro, TN 37129-2254
      View Details
    • Value Estimation by Request
      10,896 SF

      138 Chaffin Pl

      RESTAURANT • 10,896 SF
      138 Chaffin Pl, Murfreesboro, TN 37129-6901
      View Details
    • Value Estimation
      $2,645,000
      6,428 SF

      2535 Medical Ctr Pkwy

      RESTAURANT • 6,428 SF
      2535 Medical Ctr Pkwy, Murfreesboro, TN 37129-2284
      View Details
    • Value Estimation
      $545,000
      8,997 SF

      1145 Broad St

      RESTAURANT • 8,997 SF
      1145 Broad St, Murfreesboro, TN 37129-2328
      View Details
    • Value Estimation by Request
      1,298 SF

      3714 Jefferson Pike

      RESTAURANT • 1,298 SF
      3714 Jefferson Pike, Murfreesboro, TN 37129-7477
      View Details

    Similar Nearby for Sale

    • $2,085,000

      Restaurant in Growing Downtown Area

      NN+ leased Japanese restaurant in a rapidly growing city.
      521 NW Broad St, Murfreesboro, TN 37129
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    • $1,908,000
      1.46 Acres

      Prime Murfreesboro Retail Land

      1.46 Acres, $1.9M, High Visibility
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    • $2,500,000
      8,640 SF

      Leased Automotive Repair Shops Investment

      Fully leased multi-tenant automotive repair shops for sale.
      1414-1418 NW Broad St, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      1.57 Acres

      Gateway Corridor Commercial Land

      Murfreesboro, TN: Prime Mixed-Use Lots
      Office Corridor Gateway Blvd, Murfreesboro, TN 37129
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    • $3,195,000
      10,900 SF

      Remodeled Retail Property on Broad

      High-traffic retail property with showroom, offices, and warehouse space.
      2204 NW Broad St, Murfreesboro, TN 37129
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    • $1,500,000
      1.65 Acres

      Prime Murfreesboro Commercial Land

      1.65 Acres, High Traffic Area
      3150 Memorial Blvd, Murfreesboro, TN 37129
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      8,000 SF

      Turn-Key Restaurant Space Available

      Second-generation restaurant space with existing infrastructure on NW Broad Street.
      730 Northwest Broad St, Murfreesboro, TN 37129
      View Details
    • $35 SF/Yr
      7,713 SF

      Sanders Corner Retail Spaces For Lease

      Prime Rutherford County retail opportunity. Five spaces available.
      708 Northfield Blvd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      607,886 SF

      Stones River Town Centre Retail Space

      Prime Murfreesboro retail & office space available.
      1720 Old Fort Pkwy, Murfreesboro, TN 37129
      View Details
    • $28 SF/Yr
      2,000 SF

      Retail Space in Memorial Shops

      Retail space for lease in Murfreesboro, Tennessee.
      2445 Memorial Blvd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing

      Retail Space Near VA Hospital

      Retail space in growing Murfreesboro, near Nashville and major employers.
      3411-3419 Memorial Blvd, Murfreesboro, TN 37129
      View Details
    • Contact for pricing
      2,150 SF

      Retail Space in Class A Center

      Class A shopping center with high retail sales volume.
      1851 Old Fort Pkwy, Murfreesboro, TN 37129
      View Details
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    Murfreesboro, TN 37129-5227
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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